Our Team

Frank Cangelosi, Jr | President & CEO

Frank has had a wonderful career as a wealth manager spanning more than two decades. He has helped families in guiding them to an understanding of the importance of saving on a regular basis, with the use of sound, prudent investment vehicles. Frank believes that each client deserves his highest level of professionalism, accountability, and integrity.

During this time, Frank has also trained numerous wealth planners in developing broad-based financial strategies to meet their clients’ financial needs.

He is a strong advocate of realizing that wealth planning is an ongoing process affected by market conditions and various stages of a client’s life.  Mindful of this, Frank consistently takes advantage of market strength and weakness, viewing these as opportunities to review client portfolios for wealth growth as well as wealth preservation.

Frank has been an independent wealth manager his entire career. He has held many executive positions and has been recognized as a top advisor every year for the last eight consecutive years at the Genworth Financial Investment Services and Cetera Financial Specialists Conferences.

Frank is humbled each year when he attends the national conference.  Investment planners from many states approach him and say, if it weren’t for him, they would not be in the financial industry. Frank commented, “The gratitude and respect they show me truly makes me realize the impact I have had on many representatives and their respective clients’ lives.  To say the least, it makes me very proud of my achievements as a financial professional in our industry.”

Frank is a member of The North Haledon Education Foundation which raises money for the local schools. He is a founding member of Coaches 4 A Cause which is a charity organization that raises money for local recreation coaches.

He also is an original member of The North Haledon 5K run which raises money for the local Elementary schools each year.

Frank married his wife Deborah in 1997 and they have three beautiful daughters.  Frank has coached all three girls in the North Haledon Recreation League’s basketball, soccer, and softball programs for over ten years. He is a lifelong New Jersey native, and he is very proud of it.

“The only place I want to be when I am not running my financial services practice is with my family. They are my world.”

Frank’s professional registrations include:
General Securities Principal Series 24
Series 65
Series 7
Series 6
Series 63
Life Insurance License

Email Mr. Cangelosi at Frank.Cangelosi@ceterafs.com

Marisa P.Distefano | Vice President Client Relations

Marisa has worked in the financial services industry since 2001.  During this time, she has been affiliated with Frank Cangelosi, Jr. and Financial Foundations Group.  Before making this career change, she was employed with Barnes & Noble Booksellers as a Store Manager in Nanuet, New York, and Paramus, New Jersey.

In 2007, Marisa obtained her Series 6 securities registration and became a licensed life and health insurance producer in New Jersey.  It was in this same year that Marisa’s husband, Tom, suffered and came through a major health scare, which took him months to recover.  Witnessing this, first hand, she realized the need of families to plan for the unthinkable and ensure that their hard-earned assets and lives are properly protected.  Key to protecting a family and business against sudden financial loss is appropriate insurance. 

By securing her registration and licenses, Financial Foundations Group has yet another professional to help clients with financial and insurance matters on a daily basis. Marisa is active in meeting with clients, being available to answer any investment related question, establishing retirement and non-retirement accounts, and conducting annual reviews. Marisa works with clients to find risk management solutions suited to their specific insurance needs, fulfilling the mission of Financial Foundations Group which is, helping our clients build a secure tomorrow-step by step.

Marisa’s passion and interests include attending her boys’ sporting events and serving in various women and children’s ministries in her church.

Marisa’s securities registrations are:
Series 6, 2007.
Life and Health Insurance Producer License, New Jersey 2007.
Long Term Care Insurance Partnership Training Certification, State of NJ, 2009.


B.A. Rutgers College, Rutgers University, New Brunswick, New Jersey 1988.

Peter L. Totta | Accountant, Registered Representative | President of Peter L. Totta- Financial Services Inc.

Peter has worked in the financial services industry since 1975. He began his career as an auditor for the federal and NJ State government. He then went on to work in a small CPA firm located in Fair Lawn, NJ. In 1985, Peter started his own accounting and tax practice, Peter L. Totta- Financial Services Inc., located in Montville, NJ. He has since opened up two additional offices located in Sussex, NJ and Long Valley, NJ. Peter prepares individual, partnership, corporation and estate tax returns as well as performing all accounting and bookkeeping functions for small and medium sized companies.

In 1993, Peter obtained his Series 6 securities registration as he saw the need to assist his tax clients in building and protecting their investments and wealth. Peter has been able to help many families and businesses throughout the years in accumulating, growing, and protecting wealth in a tax efficient manner.

Peter resides in Chester, NJ with his beautiful wife and two wonderful daughters.

Peter’s securities registration:
Series 6, 1993.


B.S. Farleigh Dickinson University, Rutherford, NJ, 1975

David Fitzsimmons | Client Service Associate

David Fitzsimmons has worked within the financial services industry since September of 2008, first working with Commerce Bank and then transitioning over to TD Bank. Dave has been with our firm, Financial Foundations Group, since April of 2012.

Dave is the friendly voice you hear when you call our office. His other responsibilities include assisting in the daily operations of our office which includes scheduling appointments, preparing for reviews, and maintaining proper records for all client accounts in accordance with compliance regulations.

Dave currently resides in Yorktown Heights, New York, with his wife, Elizabeth. Dave’s passions are Tae Kwon Do, professional wrestling, and serving the Catholic Church as a Young Adult Leader, as Sacristan, and Altar Server at St. Paul Inside the Walls in Madison, NJ.

Kelly Pascrell | Client Service Associate

Kelly started her career in the financial services industry working at Merrill Lynch. For her ten years at Merrill Lynch, Kelly was responsible for communicating with clients, transacting and following up on new business, and answering clients’ questions all in a successful effort to assist investment clients to build and preserve wealth.

Kelly is the newest member of our Financial Foundations Group family. She adds an important dimension to our firm by working directly with Frank assisting with the financial needs of our clients.

Kelly resides in Hawthorne, NJ with her three children. When not serving the needs of our clients, Kelly is an active volunteer at various church events, as well as school functions for her children.

Kelly will be pursuing her Series 65 registration in the near future.